Contract Contract management Demand Planning Order Fulfillment 
SCMDOJO
APRIL 29, 2024
Planning ensures that resources are allocated effectively and that production and distribution meet customer demand. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. It also involves inventory management, order fulfillment, and monitoring stock levels.
World of Procurement blog
MAY 8, 2024
It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Scope : Procurement spans the entire process from identifying requirements to contract closure. Purchasing is more transactional and tactical.
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